Bioreactors Market Analysis Focusing on Top Key Players – Sartorius Stedim Biotech (Germany), Thermo Fisher Scientific, Inc. (the U.S.), Merck KGaA (Germany)

Bioreactors Market Snapshot:

The bioreactors market was valued at USD 4200 million in 2019 and is expected to grow with a CAGR of 16.5% during the forecast period.
Bioreactors are specially designed containers that are used to grow organisms under user-controlled environments. Bioreactors provide support in the growth of cells (mammalian, bacterial, yeast) with an active environment and features that help in controlling, regulating, and monitoring the culture environment.

The world has been burdened with the growing incidence of chronic diseases that are affecting millions of people. As per the National Cancer Institute, in 2020, approximately 1.8 million cancer cases are estimated to be diagnosed within the U.S. The organization also reports about 442.4 cases of cancer per 100,000 individuals annually. Diabetes is another leading illness that affected 34.2 million people from different age groups that corresponding to 10.5% of the U.S. population.

Chronic allergy, asthma, anxiety, cardiovascular diseases, and neuropathy are among the prime illnesses that affect major chunks of the global population. Thus, due to such high prevalence, there has been a surge in demand for biologic and biosimilar drugs. The key pharmaceutical players across the globe have scaled up the production volumes to keep up with the market demands. Further, the emergence of new startups that are working on biosimilars accelerates market growth.

The reusable bioreactors segment dominates the market on account of its advantages, such as flexibility in usage for different molecule production, cost-efficiency, and increased yield has promoted substantial growth. Moreover, technological advancements are projected to drive the adoption rate of reusable bioreactors in the coming years. The single-use bioreactor segment, on the other hand, is expected to grow with the highest CAGR as it helps in reducing the need for cleaning, promotes higher sterilization, and reduces the risk of cross-contamination.

The vaccine segment holds the largest market share in terms of revenue generation, owing to the ever-growing demand for therapeutics for chronic diseases. As the prevalence of infectious diseases increases, the demand for vaccines is projected to exhibit significant growth in the bioreactors market. For instance, since its origin in December 2019, the coronavirus outbreak has caused havoc in the global healthcare network. The market demand for vaccines addressing the same has been sky-high, further boosting the vaccine development processes that build direct usage for bioreactors. Moreover, rising healthcare expenditure by the government to support research and drug discovery drives the market growth.

North America's bioreactors market is largely driven by the presence of key market players that are constantly investing in research and development activities concerning drugs and vaccines. Also, governments across the region are actively supporting biologics production and providing funds for the same. The rising prevalence of chronic and infectious diseases in the region has surged the demand for therapeutics and bioreactors.   

Obtain Brochure For Latest Technology Advancements @ 
https://straitsresearch.com/report/bioreactors-market/request-sample

The Major Prominent Players Covered in this Report:
Sartorius Stedim Biotech (Germany)
Thermo Fisher Scientific, Inc. (the U.S.)
Merck KGaA (Germany)
GE Healthcare (the U.S.)
Danaher Corporation (the U.S.)
Eppendorf AG (Germany)
PBS Biotech
Cellexus Ltd.
Applikon Biotechnology, Inc.
BioTron, Inc.
Shanghai Bailun Biotechnology Co., Ltd.
CerCell
Solaris Biotech Solutions

By Product Type
Single-Use
Reusable

By Cell Type
Mammalian Cells
Bacterial Cells
Yeast Cells

By Molecule
Monoclonal Antibodies
Vaccines
Recombinant Proteins
Stem Cells

By Reactor Volume
5–20L
20–250L
250–1500L
Above 1500L

By End-User
Contract Research Organizations
Biopharmaceutical Companies
Research Labs
CMOS

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Bioreactors in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Bioreactors market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Bioreactors and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Bioreactors. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

The COVID-19 Outbreak to Surge the Need for Rapid globally Vaccine Development - 
The demand for bioreactors in the global scenario has escalated significantly, owing to the chaos caused by the pandemic and the ever-growing demand for the development of vaccines and therapeutics. The pandemic has caused havoc and pressurized even the medical infrastructures into crisis. For instance, according to the World Health Organization (WHO), as of November 1, 2020, 45.9 million cases of COVID patients have been confirmed, with the death toll standing at 1.1 million globally.
Umpteen market players are collaborating for the development of effective vaccines to control the rising prevalence of the disease. Thus, demand from the bioreactors market has seen an upsurge in order to cater to the increasing need for fermentation and cell culture and support vaccine development. Further, government authorities and organizations in various regions are also taking up numerous initiatives and indulging in collaborations with key market players for proper management of vaccine development.

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/bioreactors-market/toc

Key Questions Answered in The Report:
What will the Bioreactors market growth rate?
What are the key factors driving the global Bioreactors market?
Who are the key manufacturers in the Bioreactors market space?
What are the market opportunities, market risk, and market overview of the Bioreactors market?
What are sales, revenue, and price analysis of top manufacturers of the Bioreactors market?
Who are the distributors, traders, and dealers of the Bioreactors market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Bioreactors Industry?
What are sales, revenue, and price analysis by regions of Bioreactors industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Recent Developments:
In September 2019, ABEC, the U.S. based biopharmaceutical manufacturing service provider, launched a customizable single-use bioreactor that can operate in a working volume of up to 6000L

In July 2019, Sartorius Stedim Biotech (SSB), a leading biopharmaceutical fermenter manufacturer, launched a new culture vessel for its product ambr 250 modular benchtop mini bioreactor with automated systems. The vessel is single-use and designed for therapeutic cell lines, which offers the potential for accelerated process development of cell and gene therapy applications

Key Bioreactors Market Trends:
- The report identifies, determines, and forecasts the Global Bioreactors Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Bioreactors Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Bioreactors Market.

Browse Full Report @ 
https://straitsresearch.com/report/bioreactors-market/

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/bioreactors-market/global/

So let's put our minds together. We'll make your vision a reality and help you grow.

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enables us to determine greater insights by eliminating the research costs.

This release was published on openPR.